East London Essex Borders High Street Catering Premises For Sale

Business description

East London/Essex Borders, Close To Woodford Top High Street Catering Premises, Presently Trading As Indian Foods But Superb Potential For Any Catering Establishment, Fast Food Restaurant.

Turnover:
We understand from the owners that weekly takings are in the region of £2,500 p.w, which appear to be from very neglected trading and are unsubstantiated.

Equipment:
We understand there are a number of items of trade equipment and fixtures and fittings included in the sale price, all of which will be confirmed by owners in the event of a sale being agreed and upon any inspection of the business. (Items of equipment have not been tested).

Special Remarks:
Purchaser of this concern shall be responsible for Rosens commission and the vendors reasonable landlord and legal costs. These costs have certainly been allowed for within the very realistic asking price. Must be superb opportunity for any experienced operator.

Property information

Property:

Leasehold

Lease terms:

We understand a new valuable 15 years Lease commenced Dec 2001 with 5 yearly rent reviews. Current rent review presently being agreed at approx £22,000 pa.

Living accommodation:

There is no accommodation included with this business.

Location:

Business Premises:
Very spacious double fronted purpose built restaurant and takeaway catering premises, presently trading and fitted as Indian restaurant, although would suit any fast food/restaurant cuisine. Ground floor has a frontage of some 16 feet width and total internal measurement of approx 1415 sq ft (132 sq.m) which incorporates main shop plus kitchen, storage, staff room and cloakrooms. Well maintained condition throughout with many re-useable fixtures and fittings, if required for a new catering concept.

Position:
Situated top sought after High Street trading location with very easy access to M11 motorway and about 8 miles to West End of London. Surrounding area extremely wealthy and populated. Many multiple household trading names closeby, as well as offices and schools.

Business Operation

Trading hours:

Usual 7 day trading.